Is Kandiyohi County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Kandiyohi County has remained a Seller's Market.
Housing Prices in Kandiyohi County, MN
How much do homes in Kandiyohi County, MN cost?
Median Sold Price
$264,937
$133/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kandiyohi County was $264,937 in April 2024, up 15.2% from last year, and the median price per square foot was $133.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $245K | +139.0% |
2 Bedrooms | $186.5K | $200K | +7.2% |
3 Bedrooms | $224K | $235K | +4.9% |
4 Bedrooms | $275K | $286K | +4.0% |
5+ Bedrooms | $325K | $430K | +32.3% |
Summary: Kandiyohi County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 139%, 2 bedroom homes increased by 7.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 32.3%.
Median Sold Price Compared To Nearby Counties
Kandiyohi County | $230K | $264.9K | +15.2% |
Meeker County | $242K | $264.2K | +9.2% |
Renville County | $144K | $155K | +7.6% |
Stearns County | $261.4K | $270K | +3.3% |
Swift County | $135.1K | $134K | -0.8% |
Housing Supply in Kandiyohi County, MN
How many homes are available in Kandiyohi County, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 142 | +19.3% |
Summary: The Kandiyohi County real estate market had 142 homes for sale in April 2024, a 19.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 26 | 33 | +26.9% |
3 Bedrooms | 51 | 55 | +7.8% |
4 Bedrooms | 33 | 40 | +21.2% |
5+ Bedrooms | 9 | 13 | +44.4% |
Summary: The Kandiyohi County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 26.9%, 3 bedroom homes increased by 7.8%, 4 bedroom homes increased by 21.2%, and 5+ bedroom homes increased by 44.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 35 | +40.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 35 homes were sold or pending in Kandiyohi County in April 2024, up by 40.0% month-over-month. Of the 35 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Kandiyohi County, MN
How long does it take to sell a home in Kandiyohi County, MN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
49 Days | 51 Days | +4.6% |
Summary: Homes in Kandiyohi County had an average of 51 days on market in Apr 2024, up by 4.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 35 homes were sold in Kandiyohi County; 63% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.